The political and economic crisis is worsening in Kais Saied’s Tunisia. The uncertainties and fears over the collapse of this country has pushed Fitch agency to downgrade its Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC-‘ from ‘CCC+’. The downgrade of Tunisia’s IDRs, which is becoming a failed state, comes after failure of Tunisia’s authorities […]
Casablanca Finance City (CFC) and Rwanda Finance Limited (RFL) have agreed to promote investment and cooperation between Morocco and Rwanda in financial services. The agreement, signed on Wednesday via videoconference, seeks to promoting best practices, through which CFC will support the development of the International Financial Center of Kigali (KIFC). Saïd Ibrahimi, CEO of CFC, […]
Morocco’s central bank governor Abdellatif Jouahri advocated a cautious approach in adopting central bank digital currencies (CBDCs), recalling that the bank set up a working group to look at the matter in 2021. Speaking to a conference attended by IMF chief Kristina Georgieva, Jouahri underscored the urgent character of examining CBDCs which have a role […]
